Grifols reinforces its Hospital Division by acquiring a 51% stake in the U.S. technology firm MedKeeper for USD 98 million
- MedKeeper is a technology firm that develops and markets mobile and web-based software applications for hospital pharmacies.
- Its PharmacyKeeper portfolio offers solutions that optimize operational efficiency, increase process safety, improve communications throughout the value chain and enhance compliance.
- Aligned with its corporate strategy, Grifols complements its Pharmatech line, the main business of its Hospital Division, and reinforces its presence in the U.S. market.
Barcelona, January 26, 2018.- Grifols (MCE:GRF, MCE:GRF.P NASDAQ:GRFS), a global leader in the production of plasma-derived medicines and a research pioneer on alternative therapies that contribute toward scientific and social advancement, announced the acquisition of a 51% equity stake in Goetech LLC, whose trade name is MedKeeper, for USD 98 million.
The transaction was executed through a subscription of a capital increase, without debt issuance. Grifols holds a majority position on the Board of Directors of MedKeeper. As part of the agreement, Grifols also negotiated a call option to acquire the remaining 49% interest within three years. MedKeeper holds a put option to sell Grifols said interest that can be executed at the end of the three years period.
The transaction has been made through Grifols Shared Services North America, Inc.
Grifols continues to advance its strategic plan to reinforce the Hospital Division by investing in technology-based innovations that complement its core portfolio of products for hospital pharmacies. The transaction also accelerates Grifols Hospital Division global expansion by increasing its presence in the U.S. market.
MedKeeper's capabilities complement the line of hospital-pharmacy products that Grifols already markets on a global scale. Grifols already develops equipment and technology to automate and monitor key hospital-management processes, including those related to the safety of patients and healthcare professionals.
Established in 2001, MedKeeper is a Denver, Colorado-based emerging integrated technology firm that creates mobile and web-based technology solutions designed to improve efficiency and safety, as well as enhance compliance with key processes in hospital pharmacy operations.
MedKeeper's product portfolio uses leading-edge technology to design fast, flexible and customer-centric software applications.
These applications include among others, a medication workflow system to increase staff efficiency and ensure compliance with applicable compounding regulations; a medication tracking system to reduce turnaround times and improve communications throughout the value chain; a training system to create, schedule and manage team's competencies, certifications and training all in one platform; and a medication checklist system to ensure compliance with standards for medication storage and inspections.
Grifols acquires a 51% in the U.S. technology firm MedKeeper for USD 98 million Download (313.20 Kb)